Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 20.49% is 23% below its 5-year average of 26.72%, near the low end of its 5-year range (16.77%–32.54%).
As of the fiscal period ended Sunday, May 31, 2026. 9.98% above its 12-month average of 18.63%.
Annual fiscal-year return on invested capital; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
20.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
18.63%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
25.58%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
26.72%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
30.19%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
30.93%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
31.20%
CURRENT VS TTM AVG
+9.98%
CURRENT VS 3Y AVG
-19.91%
CURRENT VS 5Y AVG
-23.30%
CURRENT VS 10Y AVG
-32.12%
CURRENT VS 15Y AVG
-33.75%
CURRENT VS 20Y AVG
-34.32%
SECTOR MEDIAN · TECHNOLOGY
8.09%
median of 175 covered companies
CURRENT VS SECTOR MEDIAN
+153.28%
vs the sector median at left
Paychex, Inc.
Market Cap
$40.39B
Return on Invested Capital (ROIC)
20.49%
TTM Avg
18.63%
3Y Avg
25.58%
5Y Avg
26.72%
Market Cap
$39.75B
Return on Invested Capital (ROIC)
21.02%
TTM Avg
21.02%
3Y Avg
6.51%
5Y Avg
1.59%
Market Cap
$39.22B
Return on Invested Capital (ROIC)
-0.11%
TTM Avg
0.98%
3Y Avg
0.41%
5Y Avg
0.41%
Market Cap
$42.82B
Return on Invested Capital (ROIC)
3.11%
TTM Avg
1.54%
3Y Avg
8.45%
5Y Avg
8.51%
Market Cap
$43.01B
Return on Invested Capital (ROIC)
-1.24%
TTM Avg
-6.09%
3Y Avg
-7.74%
5Y Avg
-1.19%
Market Cap
$37.07B
Return on Invested Capital (ROIC)
5.62%
TTM Avg
5.56%
3Y Avg
5.29%
5Y Avg
5.09%
Market Cap
$44.29B
Return on Invested Capital (ROIC)
18.74%
TTM Avg
18.48%
3Y Avg
17.13%
5Y Avg
15.78%
Market Cap
$44.78B
Return on Invested Capital (ROIC)
1.31%
TTM Avg
1.12%
3Y Avg
2.19%
5Y Avg
2.88%
Market Cap
$45.06B
Return on Invested Capital (ROIC)
-4.75%
TTM Avg
-9.04%
3Y Avg
-6.82%
5Y Avg
-4.71%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Paychex, Inc. (PAYX) | $40.39B | 20.49% | 18.63% | 25.58% | 26.72% |
| Credo Technology Group Holding Ltd (CRDO)vs › | $39.75B | 21.02% | 21.02% | 6.51% | 1.59% |
| CoreWeave, Inc. Class A Common Stock (CRWV)vs › | $39.22B | -0.11% | 0.98% | 0.41% | 0.41% |
| Microchip Technology Incorporated (MCHP)vs › | $42.82B | 3.11% | 1.54% | 8.45% | 8.51% |
| Take-Two Interactive Software, Inc. (TTWO)vs › | $43.01B | -1.24% | -6.09% | -7.74% | -1.19% |
| Roper Technologies, Inc. (ROP)vs › | $37.07B | 5.62% | 5.56% | 5.29% | 5.09% |
| Autodesk, Inc. (ADSK)vs › | $44.29B | 18.74% | 18.48% | 17.13% | 15.78% |
| Coherent, Inc. (COHR)vs › | $44.78B | 1.31% | 1.12% | 2.19% | 2.88% |
| Nebius Group N.V. (NBIS)vs › | $45.06B | -4.75% | -9.04% | -6.82% | -4.71% |
| Workday, Inc. (WDAY)vs › | $35.45B | 5.95% | 4.34% | 1.95% | 0.28% |
ROIC
20.5%
ROE
47.1%
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-05-31 | 20.49% |
| 2025-05-31 | 16.77% |
| 2024-05-31 | 32.54% |
| 2023-05-31 | 32.54% |
| 2022-05-31 | 32.11% |
| 2021-05-31 | 25.84% |
| 2020-05-31 | 27.03% |
| 2019-05-31 | 27.01% |
| 2018-05-31 | 42.80% |
| 2017-05-31 | 38.60% |
| 2016-05-31 | 36.33% |
| 2015-05-31 | 35.13% |
| 2014-05-31 | 32.32% |
| 2013-05-31 | 29.80% |
| 2012-05-31 | 31.37% |
| 2011-05-31 | 31.86% |
| 2010-05-31 | 9.55% |
| 2009-05-31 | 37.11% |
| 2008-05-31 | 43.87% |
| 2007-05-31 | 24.22% |
| 2006-05-31 | 26.17% |
| 2005-05-31 | 25.08% |
| 2004-05-31 | 23.76% |
| 2003-05-31 | 24.72% |
| 2002-05-31 | 27.19% |
| 2001-05-31 | 30.89% |
| 2000-05-31 | 31.42% |
| 1999-05-31 | 29.57% |
| 1998-05-31 | 28.55% |
| 1997-05-31 | 27.44% |
